Royal Bank of Scotland

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Royal Bank of Scotland Reviews

Updated January 25, 2015
Updated January 25, 2015
825 Reviews
3.1
825 Reviews
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Royal Bank of Scotland Group Chief Executive Ross McEwan
Ross McEwan
109 Ratings

Review Highlights

Pros
  • Potential to give excellent working oppurtunities and help main the work-life balance (in 194 reviews)

  • I found the work environment to be very friendly and encouraging (in 40 reviews)


Cons
  • Work life balance used to be good here but now it's extremely demanding (in 19 reviews)

  • Senior management never follows thru with ideas or current business plan (in 30 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    RBS good company

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Royal Bank of Scotland as a contractor

    Pros

    Great corporate benefits Great pay and opportunities
    Good working environment

    Cons

    No work/life balance Long hours

    Approves of CEO
  2.  

    Awesome

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Stamford, CT
    Current Employee - Anonymous Employee in Stamford, CT

    I have been working at Royal Bank of Scotland as a contractor (less than an year)

    Pros

    Amazing environment at Stamford, CT location, great people, uplifting environment and extremely supportive managers

    Cons

    Bank is not doing too good, so lot of budget cuts.

    Advice to ManagementAdvice

    none

    Recommends
    Neutral Outlook
  3. 1 person found this helpful  

    Shrinking US presense

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Consultant in Stamford, CT
    Current Employee - Consultant in Stamford, CT

    I have been working at Royal Bank of Scotland as a contractor (more than 5 years)

    Pros

    Great headquarter building. Young management team.

    Cons

    Location, work life balance, company in transition

    Doesn't Recommend
    Neutral Outlook
  4. Is this helpful? The community relies on everyone sharing – Add Anonymous Review


  5.  

    Supplier Manager

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Contract Manager in Edinburgh, SC
    Current Employee - Contract Manager in Edinburgh, SC

    I have been working at Royal Bank of Scotland full-time (more than 5 years)

    Pros

    Nice Surroundings
    Flexible working
    Flexible benefits can be taken as cash

    Cons

    Too much focus on cost and not enough on service. Employees and Customers are not listened to - how can a bank be restored without the people and customers to do it.

    Advice to ManagementAdvice

    Every person working at RBS are also customers - this fact is overlooked!

    Recommends
    Neutral Outlook
    No opinion of CEO
  6. 1 person found this helpful  

    Making the best of a bad situation

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee in Stamford, CT
    Current Employee - Anonymous Employee in Stamford, CT

    I have been working at Royal Bank of Scotland full-time

    Pros

    1. The people are generally quite friendly.
    2. Management makes an effort to keep staff informed of new business strategies and developments.
    3. Bank has a commitment to diversity and respect for others.

    Cons

    1. After 5-6 years of losses, layoffs, a constant stream of bad press, and being forced to "do more with less", the staff are demoralized and exhausted - and looking for other opportunities elsewhere.
    2. Business strategy keeps changing and nothing ever seems to work.
    3. Compensation levels (especially bonuses) are far below those of its competitors.
    4. Organization is too bureacratic and unwieldy.
    5. Too many policies and procedures to keep track of and comply with.
    6. Too many computer tools and applications to keep track of and learn how to use.
    7. Perks and benefits are below par (e.g., the company match on the 401-K doesn't kick in until after one full year of employment).
    8. Bank is more reactive than proactive and always seems to be in damage-control mode.

    Advice to ManagementAdvice

    Find a strategy that will work and keep this ship from sinking...

    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO
  7.  

    Change and more change.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Stamford, CT
    Current Employee - Vice President in Stamford, CT

    I have been working at Royal Bank of Scotland full-time (more than 5 years)

    Pros

    There's a lot of work to be done to put the business back on track, so there are plenty of opportunities for personal growth/development. Leadership is strong in certain areas.

    Cons

    Lots of uncertainty for the future of the business. Press indicates significant downsizing is possible. Has been subject of negative press for the last 5 years and will no doubt be the subject of negative press for years to come. Hard company to be proud of working for.

    Advice to ManagementAdvice

    Every year it feels like the strategy is changing - make significant changes and get it right, instead of lots of small strategic shifts that have little/no overall impact.

    Doesn't Recommend
    Negative Outlook
    Approves of CEO
  8.  

    Bank that is not doing too well- lookong ahead to shave about a fourth of the workforce

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Royal Bank of Scotland full-time (more than 3 years)

    Pros

    Good people, good buildings and facilities

    Cons

    outmoded technology, poorly run organization, constantly getting fined for legal and procedural violation, constantly bleeding money. threat from the parliment in UK, means bad bank with no pay increases, bonus or any acknowledgement of merit.

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  9. 1 person found this helpful  

    Pass on this place if your motivated...

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Vice President in Stamford, CT
    Current Employee - Vice President in Stamford, CT

    I have been working at Royal Bank of Scotland full-time (more than 3 years)

    Pros

    - vacation time; other benefits
    - office location if you live in conn or nearby in ny

    Cons

    - uk power centric and very political and bureaucratic. Change is not simple and voice from other regions is not heard or executed on.
    - separation of bonus compensation between have's(each business line and its staff, senior management across all lines) and have-nots (finance, operations, IT, etc..) which results in low morale and unmotivated people
    - people leaving and slots are not filled and responsibilities absorbed to already stretched staff or hiring more poorly skilled and unmotivated individuals.

    Advice to ManagementAdvice

    Please go ahead and break up the company and let investment bank actually be an investment bank so it can be competitive. Otherwise you will continue to see people leaving and no one talented coming back...

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
  10.  

    Good comp ,vague leadership

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Royal Bank of Scotland

    Pros

    comp, benefits, hours, location, employees

    Cons

    managers, workload, work vs life balance

    Advice to ManagementAdvice

    take initiative, do not be so politically correct

    Recommends
    Negative Outlook
  11.  

    Not a lot of room for growth. Most of the management is in Stamford and not a lot of promotion opportunities in SLC.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Tax Operations Analyst in Salt Lake City, UT
    Former Employee - Tax Operations Analyst in Salt Lake City, UT

    I worked at Royal Bank of Scotland full-time (more than an year)

    Pros

    Great work-life balance. I never worked more than 40 hours per week. Good time off and new parent leave benefits.

    Cons

    management is all in stamford

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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